Levi Strauss & Co.’s (LEVI) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a research report sent to investors on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $26.00 price target on the blue-jean maker’s stock.

A number of other brokerages have also recently commented on LEVI. Citigroup decreased their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Stifel Nicolaus decreased their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. TD Cowen lowered their price objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, Morgan Stanley reduced their target price on Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.18.

Levi Strauss & Co. Price Performance

Levi Strauss & Co. stock opened at $17.55 on Wednesday. The firm has a market cap of $6.96 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. The stock’s fifty day moving average price is $17.33 and its two-hundred day moving average price is $18.18. Levi Strauss & Co. has a one year low of $15.16 and a one year high of $24.34.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the completion of the transaction, the director now owns 104,178 shares of the company’s stock, valued at approximately $1,875,204. This trade represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Asset Management One Co. Ltd. bought a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at about $27,000. Quarry LP bought a new stake in Levi Strauss & Co. in the second quarter valued at approximately $56,000. Matrix Trust Co boosted its holdings in Levi Strauss & Co. by 678.9% in the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after acquiring an additional 4,800 shares during the last quarter. R Squared Ltd acquired a new stake in Levi Strauss & Co. during the 4th quarter valued at approximately $105,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Levi Strauss & Co. by 2,904.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after purchasing an additional 4,966 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.